Press Release

High competence interim : Offensive in the Interim Management Market

expectra, a subsidiary of Vedior France Group and the leader of the French Interim management market with focus on high competence management decided to build an alliance with CEO Worldwide to jointly attack the interim management market. The objective of the partnership is to establish the two companies, expectra and CEO Worldwide, as the number 1 solution for interim management (Management on demand) in France. Also they will increase the pool of experts (middle and top management) by a systematic and reciprocal redirection of candidates that do not match the target group of one of the two partner companies.

Interim management with its high reactivity, flexibility, and cost efficiency is particularly well adapted to the present economic needs and enjoys a growing success with companies. It enables companies to react quickly to the constant need of growth without having to revert to the definitive and heavy process of permanent recruitment.

Interim Management, a source of added value

Philippe SALLE, President of the Group Vedior France says that «Interim management is an important HR tool and source of added value. Interim management means to give a temporary task to a highly qualified manager, who is experienced in change management. An Interim manager is highly flexible and very efficient, he can quickly adapt and integrate, he can prioritise and works results oriented. »

Within this partnership, expectra can offer its expert Interim managers (CFO, HRM, accountants, etc.) more missions, particularly in High Tech companies that are in a phase of grow th in the French and European Market. These companies have a large demand, covering most areas: Finance, legal, HR, marketing and sales, production and project management.

Every day, expectra delegates around 3000 experts, of which 30% are managers, to its 4000 client companies. Two agencies in Paris and Lyon are exclusively dedicated to transition management and handle about 100 missions per year.

A partnership for an unique solution on the French market

CEO Worldwide, specialised in « Management on demand » posses an unique experience regarding the international placement of local top managers to support the development of companies or to restructure their operations beyond their original set up. CEO Worldwide offers a fast access to rigorously certified managerial competencies (certified « iCEO ») of clearly defined areas for 38 countries.

For Patrick MATAIX, founder and CEO of CEO Worldwide « Management on demand offers companies an international pool of highly qualified managers for temporary positions that can be turned into permanent contracts. This flexible, highly reactive and immediately operational solution enables also expectra's clients to access a pool of over 1000 certified iCEOs with an entrepreneurial track record in Europe, North America and Asia. This partnership with expectra enlarges our choice of profiles and enables our clients to complete their management team or to meet their selective need of qualified workers ».

About expectra
With 4200 permanent staff and 350 000 temporary workers, the Group Vedior France had a turnover of 2,782 Billion Euro in 2003. The Group Vedior France has a pool of temporary workers: VediorBis is split into 6 specialist branches : VediorBis Industries, VediorBis Grands Sites Industriels, VediorBis Experts and Pros of Industry, VediorBis Tertiaire and Services, VediorBis Logistic and Commerce, VediorBis BTP, expectra , N°1 of the high competence interim market, L'appel médical, N°1 of the interim paramedical and pharmaceutical market, Attol, JBM , and a pool for HR: Advancers executive , Advisio services , Amplitude , CapSecurConseil.

About CEO Worldwide (www.ceo-worldwide.com)
CEO Worldwide created with the solution "Management on demand" a new environment of flexible and reactive cooperation between companies, shareholders and managers within an international context. CEO Worldwide offers companies an interim management and recruitment service with a turn around time of only 3 weeks from initial request to final placement of one of the over 1000 certified « iCEO » with a proven entrepreneurial profile and a minimum of 15 years experience in 38 countriesin Europe, North America and Asia.